Rivian stock (NASDAQ: RIVN) has been downgraded by several major Wall Street firms ahead of the automaker’s next earnings call, which is expected to be held on May 6.
Baird’s George Gianarikas reiterated a ‘Neutral’ rating and slashed his price target for Rivian stock from $16 to $14. The new price target implies an 18.34% upside. In a note shared with investors, the analyst predicted that both sustainable energy and mobility outlooks for Q2 2025 will suffer from muted demand.
RBC Capital researcher Tom Narayan maintained a ‘Sector Perform’ rating and slashed his 12-month price forecast for RIVN shares from $12 to $10, citing sector-wide worries owing to tariff impacts. Narayan’s price target implies a 15.46% downside.
Daniel Roeska of Bernstein maintained an ‘Underperform’ rating with a $6.10 price target, which would, if met, equate to a 48.43% crash.
Roeska expects that tariff pressure will force the automaker to discount its Lithium Iron Phosphate (LFP) variant, downgrade volume and EBIT guidance, and lead the business to consider raising fresh equity. If met, his price target would represent a 48.43% crash from current prices
On a slightly more bullish note, Cantor Fitzgerald researcher Andres Sheppard recently maintained a neutral rating with a $15 price target, which implies a 26.79% upside from current prices.
RIVN stock price forecast
As of mid-March, the average price target for RIVN shares stood at $14.34, and implied a 33.40% upside from its price at the time.
By press time on April 16, the average 12-month price forecast for Rivian stock, based on the coverage of 23 analysts covering the stock over the last three months, had moved to $13.70. This figure equates to a 15.03% upside from current prices, per data retrieved by Finbold from TipRanks.
RIVN stock currently has 6 ‘Buy’ ratings, 14 ‘Hold’ ratings, and 3 ‘Sell’ ratings.
At the time of writing, Rivian shares were changing hands at a price of $11.83, after a 4.50% rally on the weekly chart that has brought year-to-date (YTD) losses down to 11.77%.
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